Gold prices witnessed a notable positive trend today, July 9, 2026, with revisions in rates across various purity categories. This movement has drawn significant attention from market participants as domestic prices continue to react to global financial developments.
Current Gold Prices by Karat
For 22-carat gold, the price has climbed to Rs 13,285 per 1 gram. Larger denominations show an 8-gram price of Rs 106,280 and a 10-gram price of Rs 132,850. For wholesale or bulk interest, the 100-gram rate for 22-carat gold currently sits at Rs 1,328,500.
The 24-carat gold market is also showing strength, with 1 gram priced at Rs 14,493 and 10 grams reaching Rs 144,930. Meanwhile, the 18-carat segment reflects rates of Rs 10,870 for a single gram and Rs 108,700 for 10 grams.
Breakdown by Gold Purity
Pricing remains distinct based on purity levels as well. Gold with 999 purity is currently valued at Rs 14,366 per gram. The 995 purity gold stands at Rs 14,308 per gram, while 916 purity gold is available at Rs 13,159 per gram. Additionally, lower purity options like 750 purity and 585 purity are priced at Rs 10,774 and Rs 8,404 per gram respectively.
Retailer-Specific Rates
At Malabar Gold outlets, 24-carat gold is trading at Rs 14,444 per gram, translating to Rs 144,440 for 10 grams. Their 22-carat gold is listed at Rs 13,240 per gram and Rs 132,400 for 10 grams.
Retail stores such as Joyalukkas and Kalyan Jewellers reported that on Thursday, 22-carat gold was sold at Rs 13,240 per gram and Rs 132,400 per 10 grams. These rates are consistent across several states including Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.
Market Sentiment and Expert Outlook
According to Jateen Trivedi, VP Research Analyst for Commodity and Currency at LKP Securities, gold has experienced minor short covering. MCX Gold is showing recovery trends toward the Rs 144,500 mark, while COMEX Gold has risen by approximately 0.75% after finding support near $4,075. The easing of the US dollar, coupled with a 1.15% decline in crude oil prices, has provided much-needed relief to the bullion market, aiding the recovery from previous lows.
However, market sentiment remains cautious following the pressure caused by the collapse of US-Iran ceasefire talks, which initially strengthened the dollar and weighed heavily on precious metals. Analysts note that immediate resistance for COMEX Gold is positioned near $4,125. Domestic prices are currently tracking global indices and the performance of the rupee closely.
Looking ahead, market participants are shifting their focus to the upcoming Federal Reserve meeting minutes for further clarity on US interest rate policies. From a technical standpoint, MCX Gold is projected to trade within the Rs 142,000 to Rs 146,500 range in the near term.
